ProSight Portfolios Fast Track for Application Rationalization Provides Immediate Payback While Establishing Ongoing Governance for Long-Term Benefits
PORTLAND, Ore. - May 11, 2004 - ProSight® Inc., the leader in top-down portfolio management software and solutions, today announced the release of ProSight® Portfolios Fast Track for Application Rationalization, a powerful governance system for managing IT application portfolios to provide the optimum return on investment.
Based on ProSight's portfolio management software, Fast Track for Application Rationalization is the industry's first out-of-the-box software solution specifically designed to inventory, evaluate and transform application portfolios to provide optimum value to the business. It provides a sophisticated set of tools that accelerates the adoption of application portfolio management - including capturing an application inventory online, evaluating that inventory for business value and priority, and transforming the application portfolio so that it better supports business objectives - while delivering significant financial savings.
"Rationalizing an enterprise's established application portfolio is the first important step for any application modernization decision," said Dale Vecchio, research director, Application Development, Gartner. "Such an effort can be expensive, but the value to an enterprise, in terms of reduced IT spending and greater alignment of business with IT, makes the investments worthwhile."
Designed to save implementation costs by delivering a standardized set of tools, Fast Track for Application Rationalization contains a complete configuration of ProSight Portfolios, providing forms, scorecards and investor maps specifically designed to evaluate current and candidate applications. Built-in analytics, developed from best practices in application rationalization, enable rapid evaluation and prioritization. Unlike one-time application assessment "events," Fast Track for Application Rationalization provides ongoing application portfolio governance, ensuring a continually optimized portfolio that best meets business needs.
"Using Fast Track for Application Rationalization, our customers have quickly implemented an application management framework that has helped them reach their first value hurdle within weeks," said Mark Lawler, CTO, ProSight. "More importantly, the applications become part of the overall governance model for managing the entire IT spend, leading to additional savings through consolidation, decommissioning and legacy modernization."
Fast Track for Application Rationalization enables organizations to visualize the business value of each application, objectively identify the best alternatives and manage a plan for achieving cost savings through to completion by providing:
* Preliminary and full application evaluation
* User community survey
* New application proposal
* Business value measurement
* Robust analytics, prioritization and selection tools
* "What-if" alternatives analysis
* Dependency linkage between applications, projects, technologies
* Ongoing application portfolio governance
For more information, visit the product page.
ProSight® is the only provider of top-down portfolio management solutions for the enterprise. By combining patented portfolio management software with services expertise, ProSight delivers immediate results to organizations without disrupting existing systems and processes. Companies using ProSight's products enhance their business alignment and strategic collaboration through effective governance of investments, resources and performance. ProSight is headquartered in Portland, Ore.
For more information on ProSight and our customers' success, please visit www.prosight.com. For more information on portfolio management, visit www.portfoliomgt.org.
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